Franco-Nevada (TSE:FNV) Insider Adrian Wong Sells 500 Shares

Key Points

• Adrian Wong, an insider at Franco-Nevada, recently sold 500 shares of stock for C$275.00 each, totaling C$137,500, reducing their ownership by 4.94%.
• Franco-Nevada shares were trading at C$278.65, reflecting a 1.2% increase, with a market capitalization of C$53.70 billion.
• Several analysts have raised their price targets for Franco-Nevada, with Bank of America setting a new target of C$290.00, reflecting strong underlying confidence in the company’s future performance.

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV insider Adrian Wong sold 500 shares of Franco-Nevada stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of C$275.00, for a total value of C$137,500.00. Following the sale, the insider directly owned 9,613 shares in the company, valued at C$2,643,575. The trade was a 4.94% decrease in their ownership of the stock.

Adrian Wong also recently made the following trade(s):

• On Tuesday, August 26th, Adrian Wong sold 310 shares of Franco-Nevada stock. The stock was sold at an average price of C$256.50, for a total value of C$79,515.00.
• On Monday, September 8th, Adrian Wong sold 500 shares of Franco-Nevada stock. The stock was sold at an average price of C$272.00, for a total value of C$136,000.00.

Franco-Nevada Price Performance

Shares of Franco-Nevada stock traded down C$5.10 during midday trading on Tuesday, reaching C$275.67. The company had a trading volume of 442,086 shares, compared to its average volume of 303,850. The stock has a fifty day moving average price of C$240.52 and a 200 day moving average price of C$230.69. The firm has a market cap of C$53.12 billion, a PE ratio of 67.73, a P/E/G ratio of 5.00 and a beta of 0.53. Franco-Nevada Co. has a fifty-two week low of C$157.70 and a fifty-two week high of C$282.85.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Canaccord Genuity Group boosted their price target on Franco-Nevada from C$262.00 to C$267.00 in a research note on Tuesday, June 10th. Bank of America boosted their price target on Franco-Nevada from C$255.00 to C$290.00 in a research note on Friday, August 29th. Finally, BMO Capital Markets boosted their price target on Franco-Nevada from C$260.00 to C$261.00 in a research note on Wednesday, May 28th. Three research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Franco-Nevada presently has an average rating of "Strong Buy" and an average price target of C$240.00.

Franco-Nevada Company Profile

Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration.